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How to Make Coin on JPMorgan and Wells Fargo Into Earnings

JPM Chart

JPMorgan is a global financial services firm. The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services and retail and middle market financial services.

52 Week Range: $46.05 to $61.48

Book Value: $56.22

Price To Book: 1.1

Strong first-quarter earnings growth is expected by Wall Street before the market opens on Friday. The consensus mean is a $1.41 a share, a drop of 18 cents (11.32%) from $1.59 in the same quarter last year. The lowest analyst estimate is $1.28 per share, and the highest is $1.55 per share.

The majority of analysts believe JPMorgan continues to offer a buying opportunity. 26 of the 33 analysts covering the company give a buy recommendation. Some (six) are taking a more cautious approach, and rate it a hold. As of the last update I have, one analyst recommends selling some or all holdings.

New investors from a year ago are happy, and analysts rating this company a buy have called it correctly. Shares are 23% higher over the last 52 weeks, but off the 52 week highs made a month ago. Analysts are calling for a price target of $66.23.

This stock currently has an annualized dividend of $1.6, yielding 2.7%. Not as good as Wells Fargo, but impressive on its own.

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.1% of the average trading float.

I fell out of love with JPMorgan when investors started paying for the past sins of management. Government regulators went after the easy deep pockets of the corporate treasury, instead of the people who allegedly broke the rules.

That said, I believe the easiest path is higher for JPMorgan, but given a choice for long-term buy and hold investors, Wells Fargo offers a better value and dividend.

JPM Revenue (Quarterly) Chart

At the time of publication the author had no position in any of the stocks mentioned.

Follow @RobertWeinstein

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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